LIEJAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LIEJAN
Largest movements
- Tangible fixed assets -€19,210
down €19,210 (-11.9%), from €161,818 to €142,609
of which Furniture and vehicles: -€10,408
- Receivables within one year +€3,935
up €3,935 (+6,726%), from €59 to €3,993
- Cash -€3,047
down €3,047 (-93.3%), from €3,264 to €217
mainly Debts after one year (-€26,197) and Receivables within one year (-€3,935)
- Debts after one year -€26,197
down €26,197 (-25.6%), from €102,263 to €76,066
- Profit (loss) carried forward +€9,723
up €9,723 (+77.2%), from €12,594 to €22,318
- Other debts -€3,467
no longer reported in 2025 (was €3,467)
- Gross operating margin -€3,325
down €3,325 (-8.7%), from €38,391 to €35,067
- Other operating charges -€1,363
down €1,363 (-92.1%), from €1,480 to €117
- Financial charges -€728
down €728 (-23.5%), from €3,092 to €2,364
- Depreciation -€430
down €430 (-2.2%), from €19,640 to €19,210
- Taxes -€427
down €427 (-10.5%), from €4,079 to €3,652
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,140 | €146,819 | -€18,322 | -11.1% |
| Fixed assets | 21/28 | €161,818 | €142,609 | -€19,210 | -11.9% |
| Tangible fixed assets | 22/27 | €161,818 | €142,609 | -€19,210 | -11.9% |
| Land and buildings | 22 | €128,134 | €119,654 | -€8,479 | -6.6% |
| Plant, machinery and equipment | 23 | €323 | - | -€323 | |
| Furniture and vehicles | 24 | €33,362 | €22,954 | -€10,408 | -31.2% |
| Current assets | 29/58 | €3,322 | €4,210 | +€888 | +26.7% |
| Amounts receivable within one year | 40/41 | €59 | €3,993 | +€3,935 | +6,726% |
| Trade receivables | 40 | €59 | €3,993 | +€3,935 | +6,726% |
| Cash at bank and in hand | 54/58 | €3,264 | €217 | -€3,047 | -93.3% |
| Total equity and liabilities | 10/49 | €165,140 | €146,819 | -€18,322 | -11.1% |
| Equity | 10/15 | €24,994 | €34,718 | +€9,723 | +38.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,594 | €22,318 | +€9,723 | +77.2% |
| Amounts payable | 17/49 | €140,146 | €112,101 | -€28,045 | -20.0% |
| Amounts payable after more than one year | 17 | €102,263 | €76,066 | -€26,197 | -25.6% |
| Financial debts | 170/4 | €102,263 | €76,066 | -€26,197 | -25.6% |
| Amounts payable within one year | 42/48 | €37,883 | €36,035 | -€1,848 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €23,754 | €24,708 | +€954 | +4.0% |
| Trade debts | 44 | €137 | €1,556 | +€1,419 | +1,035% |
| Suppliers | 440/4 | €137 | €1,556 | +€1,419 | +1,035% |
| Taxes, remuneration and social security | 45 | €10,525 | €9,771 | -€754 | -7.2% |
| Taxes | 450/3 | €10,525 | €9,771 | -€754 | -7.2% |
| Other amounts payable | 47/48 | €3,467 | - | -€3,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,640 | €19,210 | -€430 | -2.2% |
| Other operating charges | 640/8 | €1,480 | €117 | -€1,363 | -92.1% |
| Gross operating margin | 9900 | €38,391 | €35,067 | -€3,325 | -8.7% |
| Operating profit (loss) | 9901 | €17,271 | €15,740 | -€1,532 | -8.9% |
| Financial charges | 65/66B | €3,092 | €2,364 | -€728 | -23.5% |
| Recurring financial charges | 65 | €3,092 | €2,364 | -€728 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €14,179 | €13,376 | -€804 | -5.7% |
| Income taxes | 67/77 | €4,079 | €3,652 | -€427 | -10.5% |
| Profit (loss) for the period | 9904 | €10,100 | €9,723 | -€377 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,100 | €9,723 | -€377 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.